Latest Issues of #AxisOfEasy
Fed to Treasury Dealers and Congress: We Can’t Count On You, We’re Taking Charge
The Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness.
VIEW POSTFOMO Is Loco
We can also posit a general rule that those who inherit wealth and succumb to FOMO are eventually less wealthy while those who are wealthy and take a pass on FOMO / hoarding at the top of the manic frenzy increase their wealth.
VIEW POSTU.S. Stimulus Has Created a Boom–in China
Maybe maximizing corporate profits isn’t all that matters. Maybe national security and resilience matter, too, and if they do, then reshoring critical supply chains should be a higher priority than Corporate America’s (mostly tax-free) profits.
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